| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Good |
| Demographics | 33rd | Poor |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 124 Tabor Ave, Fairfield, CA, 94533, US |
| Region / Metro | Fairfield |
| Year of Construction | 1978 |
| Units | 36 |
| Transaction Date | 2002-11-01 |
| Transaction Price | $2,200,000 |
| Buyer | NORMAN PAUL C |
| Seller | SPENCER III INVESTMENTS LLC |
124 Tabor Ave Fairfield Multifamily Investment
This 36-unit property sits in a neighborhood with 98.6% occupancy and strong rental demand fundamentals. Commercial real estate analysis shows the area ranks in the top quartile nationally for occupancy stability among 98 metro neighborhoods.
This Fairfield neighborhood demonstrates strong rental market fundamentals, with occupancy reaching 98.6% and ranking 22nd among 98 metro neighborhoods. The area maintains 59.1% renter-occupied housing units, placing it in the 93rd percentile nationally and indicating robust rental demand. According to CRE market data from WDSuite, median contract rents of $1,754 position the submarket competitively within the broader Vallejo region.
The property's 1978 construction year aligns with the neighborhood average of 1975, suggesting potential value-add opportunities through strategic renovations and unit improvements. Demographic data aggregated within a 3-mile radius shows a stable population of approximately 95,600 residents, with household income averaging $88,130 and projected to grow 18.8% over the next five years to $104,662.
Local amenities support tenant retention with above-average access to essential services. The neighborhood ranks in the top 10% nationally for grocery store density at 6.59 per square mile and maintains strong pharmacy and childcare access. Restaurant density of 18.11 per square mile ranks in the 96th percentile nationally, enhancing the area's appeal to renters seeking convenience and walkability.
Safety metrics for this Fairfield neighborhood show mixed trends that warrant investor consideration. Property crime rates rank 91st among 98 metro neighborhoods with an estimated rate of 2,541 incidents per 100,000 residents, placing the area in the 8th percentile nationally. However, violent crime shows more favorable positioning at 383 incidents per 100,000 residents, ranking 82nd among metro neighborhoods.
Recent trends indicate property crime increased 5% year-over-year, while violent crime decreased 3.5%, suggesting evolving safety dynamics. Investors should factor these conditions into property management strategies, security considerations, and tenant screening processes as part of comprehensive risk assessment.
The broader Bay Area employment base provides diverse workforce housing opportunities, with major corporate headquarters and offices within commuting distance supporting regional rental demand.
- International Paper — corporate offices (34.0 miles)
- Xerox State Healthcare — corporate offices (34.1 miles)
- Clorox — consumer products HQ (34.5 miles)
- Chevron — energy sector HQ (35.4 miles)
- Salesforce.com — technology HQ (38.1 miles)
The 124 Tabor Ave property benefits from exceptional neighborhood-level occupancy at 98.6%, ranking in the top quartile among 98 metro neighborhoods and demonstrating sustained rental demand. The 1978 construction vintage presents value-add opportunities through strategic improvements while maintaining alignment with neighborhood building stock. Demographic projections within the 3-mile radius indicate household income growth of 18.8% over five years, supporting rental rate progression and tenant retention.
Multifamily property research shows the area's 59.1% renter-occupied housing share ranks in the 93rd percentile nationally, indicating a mature rental market with established tenant demand. The neighborhood's amenity density, particularly grocery and restaurant access in the top 10% nationally, enhances tenant appeal and supports lease renewal rates.
- Exceptional 98.6% neighborhood occupancy ranks in top quartile regionally
- Strong rental demand with 59.1% renter-occupied units (93rd percentile nationally)
- Value-add potential through 1978 vintage property improvements
- Projected 18.8% household income growth supports rent progression
- Risk consideration: Property crime rates rank in lower percentiles requiring security planning